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Gitanas Nausėda EN
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Dark clouds for Lithuanian economy ahead, economists say
Lithuanian economists have criticized the government’s “inaction”, saying that the country’s economy have grown despite rather than because of its economic policies. However, challenges loom ahead. […]
CORPORATE
How are low oil prices impacting Lithuania’s economy?
With falling oil prices, oil has started becoming a burden on nations that produce it but oil importers like Lithuania have been prospering from the price drop. […]
CORPORATE
Lithuanian SMEs focussing on investment in domestic markets
Instead of strengthening their positions abroad or looking for new markets, small and medium sized Lithuanian companies are this year planning to increase investment in expansion in domestic markets, a survey commissioned by SEB Bank shows. […]
CORPORATE
Will consumers feel lower gas prices?
Consumers will not see a big drop in the price of their gas following a new deal between Lithuanian gas trading company Litgas and Norway‘s Statoil which will cut the wholesale liquefied natural gas price by more than a third and reduce the maintenance costs of the LNG terminal by 23%. […]
Economy
Indexed pensions may not help Lithuanian pensioners, whose payouts are among Europe’s lowest
Even the €8 increase in the average pension will not help pensioners in Lithuania, who receive one of the most frugal pensions in Europe. President Dalia Grybauskaitė is encouraging lawmakers to index pensions, which would make them increase together with growing average wages in the nation, and the prime minister, Algirdas Butkevičius, believes that indexing pensions would make them grow by up to 6 or 7 percent. […]
CORPORATE
Increase non-taxable income, not minimum wage, says new party
Non-taxable income should be increased instead of the minimum wage and that would put more money in the pocket of workers, according to Naglis Puteikis, a member of, and tapped to be leader of, Lithuania’s newest political party, Increase Tax-Exempt Income (NPD). […]
Economy
Economy
‘Increased consumer spending kept Lithuania out of recession in 2015’
Increased household consumption and investment are increasingly driving economic growth in Lithuania – without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists. […]
Economy
Modest growth or stagnation: what happened in Lithuania in 2015?
According to Gitanas Nausėda, the advisor of the president of SEB Bank, 2015 wasn’t a very special year for Lithuania, though, considering Lithuania’s GDP growth, it would be wrong to call it a stagnant year as well. […]
Economy
Why is Lukoil really leaving Lithuania?
Just before Christmas, Lukoil president Vagit Alekperov announced that Lukoil would start to withdraw from Lithuania and Latvia. However, for a number of Lithuanian economists it appeared strange that one of the main reasons why Lukoil said that it had decided to withdraw from Lithuania and Latvia was not linked to the company‘s move to performance optimization and a switch on the wholesale oil market, but rather the anti-Russian mood in the two countries, alfa.lt reports. […]
Economy
Bankers among most-quoted opinion leaders in Lithuania
Between January and June 2015, Swedbank Lithuania’s chief economist Nerijus Mačiulis was quoted nearly 600 times in the media and was the most quoted opinion leader in Lithuania, a study of the market research company TNS LT shows. […]
European Union
Economy
Lithuanian expert sees minimum wage increase as retribution for labour code reform
The government’s decision to increase the minimum monthly wage by 25 euros to 325 euros in July and hints about its potential hike to 350 euros in January may be a retribution for the so-called social model, which includes amendments to the Labour Code, an analyst has said. […]
Economy
Will Lithuania survive without EU structural funds?
This is the last financial period that Lithuania is entitled to billions of euros in support from the European Union‘s structural funds. After 2020, the cash flow from the EU coffers will decrease significantly and Lithuania will have to learn to do without the support that currently makes a sizable contribution to its economy. Some economists say that unless the country uses the current funding right, economic growth after 2020 might all but stop. Others are more optimistic, insisting that Lithuania’s economy is stable enough to sustain growth even without EU injections. […]
Economy
Economy
Lithuania will have hard time meeting this year’s budget targets, economist says
After the International Monetary Fund has warned that Lithuania this year is facing serious challenges in public finances, an economist says that meeting this year’s budget targets will not be easy. […]
Politics
Different challenges await new mayors of Lithuania’s biggest cities
New mayors of Vilnius and Kaunas will have to deal with different challenges. Remigijus Šimašius, new mayor of the Lithuanian capital, will have to address the city’s financial problems and reduce heating bills, while businessman Visvaldas Matijošaitis, the new mayor of Lithuania’s second city, will have to attract more investment, says economist Gitanas Nausėda. […]
Uncategorized
Baltic small and medium-sized companies optimistic about 2015
Baltic small- and medium-scale companies stick to more moderate financial growth plans for 2015. However, despite the current geopolitical tensions, they see further growth opportunities. […]